Arthur Hayes purchases $2.5M ETH from Galaxy Digital with another $2.5M pending from FalconX.
Macro & Markets ·
Arthur Hayes transferred 2.5 million USDC to each of Galaxy Digital and FalconX, according to on-chain activity tracked via Arkham. Galaxy Digital completed its leg of the transaction, delivering approximately 1.337K ETH valued near $2.5M to the address 0x6cd66DbdFe289ab83d7311B668ADA83A12447e21. The corresponding FalconX transaction remains pending.
The two-part buy reflects a structured approach to acquiring a significant ether position, split across two counterparties. This pattern of staging purchases across multiple dealers is common in large institutional or high-net-worth acquisition activity, often to optimize execution and manage counterparty risk.
The pending FalconX portion means Hayes' total intended ether purchase could reach roughly 2.7K ETH at similar pricing, though the timing and final settlement terms of the second tranche remain unconfirmed.